Apply Debt Management IVA Service
No Bankruptcy. No loss of Dignity.
A debt management
IVA service is a debt management plan set up by H. M. Government to
eliminate personal debt and to deal with the issue of individual insolvency.
We are licenced to give advice on the understanding of the
fact that IVAs were not designed to be one-size-fits-all fixes to any
debt problem, because each person's circumstances are different.
The needs of one
person may vary greatly from the needs of another. Any debt advice given
by a debt management IVA service must thus reflect the diverse nature
of the situation people find themselves in.
A normal Individual
Voluntary Arrangement will be set to run for five years (sometimes less)
and when this has finished all debts are discharged from a person's
credit history. During the time of the IVA no banks or debt collectors
are permitted to pursue the debtor. The IVA carries with it all the
benefits of bankruptcy and none of the drawbacks.
An IVA will write
off the bulk of your debt at the start of the plan (although beware
of the exaggerated claims made in some circles: it is rarely much more
than 60 or 65 per cent of unsecured debt which can be cancelled in this
way). Any good IVA advice of this nature will ensure you get the best
results with the lowest monthly repayment options together with the
highest proportion of debt write-off.
So complete the
application form below for independent and impartial advice
for your own situation.
government law, Individual voluntary arrangements (IVAs) have brought
a much kinder way to deal with personal debt. An IVA is an easy and acceptable
alternative to going bankrupt and carries none of the stigma. It is the
best way to handle personal insolvency. Following the law, a properly
conducted IVA will write off up to 60 per cent (occasionally more) of
personal debt at a stroke. Your interest in a debt management IVA service
should be rewarded by the enhancement in quality of life brought about
In finding out about a debt
management IVA service you're setting yourself on the track to personal
financial probity and so effectively ensuring a new beginning. Any choices
made now will start this process.
It is true that the careful
use of a debt management IVA service will help people reorganise their
lives. It is a diligently crafted programme designed to help people
like you and me out of pressing financial difficulties and brought about
to complement the relatively draconian personal insolvency rules that
were in place then.
IVAs are generally drawn
up to run for a five year period, though sometimes this can be adjusted
to suit individual requirements. North of the border, where these arrangements
are referred to as trust deeds or protected trust deeds, the span is
generally 36 months but may be for four or five years. With both the
Individual voluntary arrangement and the trust deed the debtor client
is defended from their creditors by the insolvency laws and all debts
are totally and utterly written off at the close of the span.